testata inforMARE
Cerca
13 May 2025 - Year XXIX
Independent journal on economy and transport policy
07:38 GMT+2
LinnkedInTwitterFacebook
FORUM of Shipping
and Logistics


The Marine Insurance Markets in 2003

2003 a better year for marine insurance
2004 a critical year
 


Hull and machinery
A sector still fragile
Europe
The Cargo market
War risks
The P&I Clubs
2004: a critical year


Luckily only a few major marine disasters occurred in 2003. Some companies have voluntarily or not left the marine insurance market but the underwriting capacity has been maintained. Movements in rates varied according to the different specific sectors of the marine market. On the other hand, risk exposure increased especially in value. 
 

Hull and machinery: rate hikes continued

In our report on the marine insurance for the year 2002, we mentioned that the market had firmed up, namely there was a follow-up of rate increases and a more selective assessment of risks. This trend continued during the first half of 2003, but the premium increases were far more moderate in the second half and at the beginning of 2004. 

Fleets which showed good technical performances at the beginning of 2003 met with increases of about 10 % on their hull and machinery policies, but sometimes as much as 25 to 50 % for some whose results showed a loss ratio in excess of 100 %, or alternatively for fleets which were terminating a long term contract and for which rates had been contractually limited during the firming up of the market since 2000. 

To the surprise of most marine insurance players, the revisions applied during the second half of 2003 were much more restrained, with the 'good' clients often obtaining less than 5 % increases, and underperforming ones being renewed at about 25 % over last done. 

Overall the performance of marine insurers improved thanks to the rise in rates, cost cutting, re-insurance costs remaining relatively stable, a stricter underwriting policy and an absence of major disasters as experienced in the last quarter of 2002. In the international market, the number of companies and underwriters is far fewer than 10 years ago. The capacity is divided out differently between companies with some subscribing a higher proportion of the risks, whilst others are far more sensitive and circumspect, which naturally produces different underwriting results and policies amongst companies. 

Despite an improvement in profits in 2003, the losses on the previous exercises did not allow some players to take full advantage of the improvement in premium rates and claims-record of the current exercise. The higher rates have not compensated the chronic under-charging of the last 6 years and many insurers have doubtless under-estimated the necessary reserves for covering the commitments taken during the previous years. 

These elements have without any doubt weakened the impact of the higher rates on results.
  

A sector still fragile

The weak recovery of the financial markets since December 2002 has affected the level of endowments for provisions against fundamental depreciation, with repercussions on the balance sheet and net profits of insurers. 

In 2003 the rating agencies gave a fairly general marking down on the financial standing of insurance companies.  

The reasons for these re-evaluations were not exclusively found in the marine sector, but also in the other segments of the insurance market. 

Standard & Poor's lowered the rating of 207 insurers and re-insurers in the course of 2003, namely 28 % more than in the previous exercise. This trend is symptomatic of the extent of the declining confidence in the solvency, which is affecting the majority of actors now since eighteen months. 

The need for technical returns is a criterion for the whole profession, as it is now no longer possible to fall back on the financial profits to subsidise as a general rule the technical deficits - which is a practice carried out in most European markets during the second half of the 90's. 

In practice, it should be realised that it is as much the impressive increase in freight rates (mainly in bulk and oil seaborne trade) as the important depreciation of the dollar in relation to the euro, which has led to a significant increase in the insured value of ships (mostly insured in dollars). Capital which is necessary to insure these ships is therefore considerably higher, but only results in very small increases in the insurance premiums. The effect of any total losses would therefore have a bigger negative impact on marine insurers.
 

Europe: a market leader and in competition with the developing markets

Marine insurance has remained an 'euro-centric' industry as 60 % of world business is underwritten in Europe, 22 % in Asia, 14 % in North America, and 4 % in the rest of the world. 

France (1) is number two world-wide in hulls underwriting and acts as an alternative and competitor to the London and Norwegian markets, who hold the predominant positions as leaders in the coverage of the largest international owner's fleets. The French marine insurance market is dominated by AXA Corporate Solutions and AMA (Allianz Marine & Aviation), with Groupama Transport completing the trio.

(1) Japan is in second place world-wide in terms of marine premium income, but it does not play a predominant role in the global scene, as the Japanese insurance companies are above all concentrated on the national shipyards and owners. Nonetheless they have recently shown a growing interest in the European fleet.

South Korea (Samsung Fire & Marine, Korean Re), like Japan, has introduced a change in policy in 2003 in proposing terms, which are often very competitive to certain European owners, especially Greek. 

A close watch should be kept over the viability of Asian companies in their expansionist drive, bearing in mind their last attempts at international underwriting in the 80's ended up in failure.
 

The Cargo market

The Cargo market is customarily more local than Hull, with insurers throughout the world offering coverage to domestic clients either as a stand-alone Marine product or as an additional service line of business to industrial clients.  

In the current market, transparency is a key element, with full information being requested by insurers - often with little tolerance for inadequate answers - and increased premiums and / or deductibles for underperformance. 

Despite intense competition in this segment of marine insurance, most insurers have made substantial profit in 2003 and are still fighting for market share. Such attitude will sooner than later generate premium reductions and / or losses for insurers.
 

War risks

There is a popular view that war-risks insurance is a licence to print money. There have been relatively few high-profile marine losses apart from the 'Limburg' but premiums have risen quite a bit since the 11 September attacks.  

The nature of war-risks cover, however, makes it much harder to take a view on the fundamental profitability of this class of business. There are not so many traditional wars but more undeclared conflicts and at least the perception of a much higher terrorist threat.  

Although there are a run of regular losses from conflicts around the world and the occasional encounter between a ship and mines from either the second world war, the long running conflict in Sri Lanka or in other trouble spots.  

The biggest recent marine war-risks loss was not the terrorist attack that rendered the tanker 'Limburg' a constructive total loss, but a $125m claim arising from attacks on dredgers working in Indonesian waters.  

Carnival's latest cruiseship, the 2,620-passenger 'Queen Mary 2', will have war-risks cover equivalent to the $800m value of the hull. It will also have additional protection-and-indemnity war-risk cover of $400m on top.  

The Lloyd's underwriters who lead the P&I clubs war-risk programme are the same as those who write hull war risks so the aggregate risk on this single ship runs to $1.2bn, a figure that challenges the capacity of the war market.  

Marine war risks underwriters also write aviation and energy war risks so there is a single market in this class of business. A successful terrorist attack on such a ship would wipe out the total war-market's premium income for many years. 

War-risks cover has traditionally been limited to mobile property such as ships, aircraft and jack-up rigs that can flee a trouble-spot if necessary but there is now a limited market for cover for fixed objects such as offshore platforms and port installations.  

North Sea platforms generally have terrorist but not war cover, although some oil-and-gas installations in the Middle East have war cover.  

London war underwriters are planning to develop a new wording to match the recently introduced revision to the International Hull Clauses.  

The idea is to match the wordings so that risks excluded by the latter are given back in the same terms to avoid potential gaps and disputes. Revising the war clauses is, however, seen as a much simpler task than for the hull clauses.  

London also has a War Risks Rating Committee that publishes a tariff of minimum rates for both marine and aviation. However, these rates apply to cargo rather than ship or aircraft hulls.  

It should be noted that the French Marine Insurance market has pooled a significant underwriting capacity through the G.A.R.E.X. which is able to offer alternative coverage to the London market.
 

The P&I Clubs (Protection & Indemnity)

Since 1994/1995, members of the International Group of P&I Club have not seen a surplus. Nine of the 13 Clubs of the International Group announced a double-digit increase in rates in order to consolidate their reserves and to be able to face the growing trend towards catastrophes in the future. 

The Clubs are extremely conscious about the effect of a catastrophic disaster occurring to a large cruise ship or tanker, which would place their capacity (and that of their re-insurers) under pressure. There is a potential risk of conflict between the demand for capacity and the available supply on the insurance and re-insurance markets. 

The Athens Convention on passenger indemnity in the case of disaster is a serious cause of concern for the Clubs. Cruise ships only account for 1% of the world tonnage (dwt) but the owners and managers of the Clubs are preoccupied by the cost of claims which would result from a new 'Titanic' which would sink the capacity of clubs to underwrite all the other owners. 

These fears are reinforced with the coming into force of the Athens Convention protocol, which has increased the level of indemnity to 400 000 SDR ($ 570 000) per passenger. The whole market from now on living under the threat of a $ 1.75 billion disaster, if the largest cruiseship was lost with all the passengers on board.
 

2004: a critical year

Dans l'int'r't des armateurs, les assureurs doivent prouver qu'ils ont tir' les le'ons du pass' et analys' les raisons des pertes qui ont affect' lourdement leur industrie (6 milliards $ de pertes en 6 ans). La performance des compagnies et des P&I Clubs d'pend d'sormais de leur aptitude ' poursuivre plus avant une politique attentive de tarification et simultan'ment de s'lection accrue des risques, tout en consolidant leurs parts de march'.  

Contrairement ' l'ann'e 2003 durant laquelle peu d''v'nements majeurs se sont produits, l'ann'e 2004 semble d'buter plus difficilement avec notamment les sinistres ayant affect' le vraquier 'Rocknes' (18 morts) en Norv'ge et le navire de croisi're en construction en Allemagne 'Pride of America', d'une valeur de 380 millions $. 

La pr'servation de la ressource et des r'serves des assureurs maritimes constituera un facteur d'terminant dans leur capacit' ' faire face aux 'v'nements majeurs et ' r'pondre ' la demande. 

Les assur's - tant les armateurs que les industriels - ont besoin d'un march' stable et suffisamment profitable, faute de quoi l'assurance maritime ne sera plus en mesure d'attirer les capitaux n'cessaires, et les hausses excessives de primes constat'es au milieu des ann'es 90 risqueraient de se reproduire, ' un moment o' les marges de nos clients pourraient ' nouveau se r'duire ! 

For the sake of owners, insurers must show that they have learnt the lessons of the past and analysed the reasons for the losses, which have badly hit the industry. From now on the success of companies and P&I Clubs depends on their ability to take a keener interest in the setting of premiums and at the same time a more attentive selection to risks, while struggling for their market share.

Unlike 2003, when very few major events troubled the picture, the year 2004 seems to have started with bigger problems, as we have already had claims affecting the bulk carrier 'Rocknes' (18 killed) in Norway and the cruise ship under construction in Germany, the 'Pride of America', with a value of $380 million.

Being able to maintain their funding and reserves will be a critical factor for marine insurers in determining their capacity to handle major disasters and to respond to the market evolution.

Those insured - as much owners as industry - need to have a stable and sufficiently profitable market, without which marine insurance will not be able to attract the necessary capital, and the excessive increases in premiums which were seen in the 1990's, risks happening again, at a time when clients' profits could again get reduced.

Cap-Marine undertakes to find the best solutions
for its clients within the international market.
 



Shipping and Shipbuilding Markets in 2003

I N D E X

›››File
FROM THE HOME PAGE
This morning the ceremony of laying the first stone of the Darsena Europa in the port of Livorno
This morning the ceremony of laying the first stone of the Darsena Europa in the port of Livorno
Leghorn
Five years of work and an investment of 550 million euros are expected
Russia to invest $6 billion over the next six years to develop shipbuilding
Fly
Over 1,600 Civilian Ships Planned to Be Built by 2036
US, China agree to suspend tariffs for 90 days, cut by 115 percentage points
Beijing/Washington
They will drop to 30% and 10% respectively from the current 145% and 125%
In the first quarter, cargo traffic in Tunisian ports decreased by -2.6%
The Goulette
-16.9% drop in unloading loads and +6.8% increase in loading loads
In the first three months of 2025, freight traffic in the port of Ravenna increased by +8.9%
Ravenna
Increase in dry bulk, containerized and conventional cargo
The port of Ancona closed the first quarter with a traffic of 2.1 million tons of goods (+4%)
Ancona
At the Ortona airport a decrease of -9% was recorded and at the Vasto airport a growth of +14%
In the first quarter, Costamare's revenues decreased by -6.1%
Monk
Costamare Bulkers Spin-Off Completed
The western dock of the port of Gioia Tauro has become operational
Joy Taurus
Container ship "MSC Bridge" docks
Maersk Group posts positive quarterly financial results
Maersk Group posts positive quarterly financial results
Copenhagen
Container volumes transported by the fleet remain stable. Traffic growth of +8.4% in port terminals
European Commission approves Italy's request to reintroduce the International Registry
Brussels
It will be in force until the end of 2033
In the port of Trieste, bulk cargo decreases and miscellaneous goods increase
Trieste
In the first quarter, a decrease of -4.3% was recorded. In Monfalcone, traffic increased by +54.9%
In the first quarter, goods handled by the port of Venice increased by +4.3%
Venice
Solid bulk and containerized cargoes on the rise. Liquid bulk drops by -6.1%
GNV orders four more ro-pax vessels from Guangzhou Shipyard International
Genoa
Deliveries of the 71,300 GRT units will begin in early 2028
The agreement between the Region and the extraordinary commissioner gives the go-ahead to the construction of the Darsena Europa in the port of Livorno
Florence
Giani: work can finally start
Filt, Fit and Uilt support Ciane's activity in Genoa and Savona, which would be put in danger by Petromar's competition
Genoa
Hupac will focus on combined transport on the North-South axis, focusing on high-volume connections
Zurich
DFDS Quarterly Revenues Up 7.5% With Ekol Acquisition
Copenhagen
The volumes of goods transported by the fleet are stable. Passengers drop by -27.5%
At the end of 2025, RAlpin will suspend the rolling highway rail service between Fribourg and Novara
Olten
The company denounces the numerous and unexpected restrictions on the railway network
Terminal operator ICTSI closes a record first quarter
Manila
Premuda, management buy-out operation on the entire share capital of the company
Genoa
It was implemented with the strategic and financial support of Pillarstone
In the first quarter of this year, ship transits through the Panama Canal increased by +35.9%
In the first quarter of this year, ship transits through the Panama Canal increased by +35.9%
Panama
Ships carried 60.0 million tons of cargo (+40.1%)
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
Ankara
A total of 9,351 ships passed through
Tender for the expansion and technological modernization of Gate IV of the Port of Trieste
Trieste
It is related to the technical and economic feasibility design of the project
Mediterranean Emission Control Area for Sulphur Oxides Comes Into Force Tomorrow
Brussels
Vessels will have to use fuel with a maximum sulphur content of 0.1%.
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Miami
In the first three months of this year, revenues fell by -2.9%
DSV Completes Acquisition of Schenker
Hedehouse
In the first three months of this year, the Danish logistics group's operating result increased by +17.5%
Hapag-Lloyd expects to close the first quarter with very positive performance
Hamburg
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
Singapore
In the period the container fleet transported 3.1 million TEU (+2.3%)
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
Shanghai
The fleet transported 6.5 million containers (+7.5%)
In the last quarter of 2024, Eurokai port terminals handled over 3.2 million containers (+9.4%)
Hamburg
In Germany, traffic was 1.9 million TEU (+14.0%) and in Italy 443 thousand TEU (+7.9%)
OOIL orders 14 new 18,500 teu containerships
Hong Kong
Dalian, Nantong shipyards win $3.1 billion contract
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
Chinese ports set new cargo throughput record for January-March quarter
Chinese ports set new cargo throughput record for January-March quarter
Beijing
In the period, seaports handled 73.1 million containers (+8.3%)
Passenger terminal completed at Rizzo dock in Messina port
Messina
Work begins on remodeling the seabed of the port of Reggio Calabria
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
UPS closed the first quarter with a net profit of 1.2 billion dollars (+6.6%)
Atlanta
Revenues down slightly following sale of Coyote Logistics
Second Large Cruise Ship Built in China Launched
Shanghai
It will join the Adora Cruises fleet at the end of 2026
Uiltrasporti underlines the need to keep Italian ports under public control
Rome
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Shanghai
They distort fair competition - the Shanghai group denounces - and hinder the normal functioning of shipping
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
Fincantieri closes first quarter with record new orders
Trieste
Strong growth in revenue and EBITDA
Stop, other Regions should follow Abruzzo's example by introducing the regional ferrobonus
Rome
The laying of the first pillar of the logistics park under construction in Tortona was celebrated
Tortona
The project is scheduled for completion in May 2026.
The Customs Free Zone enclosed in Genoa as an opportunity to mitigate the impact of duties
Genoa
Spediporto highlights it
Taiwan's Evergreen and Yang Ming saw revenue decline in April
Keelung/Taipei
Compatriot Wan Hai Lines' turnover grows
In the first three months of 2025, RCL containerships transported 658,000 TEU (+8.9%)
Bangkok
Revenues up +37.6%
The preparation process for the Port Regulatory Plan of Ancona has begun
Ancona
Preliminary verification of the Strategic Environmental Assessment has begun
d'Amico International Shipping reports quarterly revenue and earnings decline
Luxembourg
Balestra di Mottola: We do not expect any impact on us from any port tariffs applied in the US for ships built in China
Towards the final approval of the nomination of Francesco Benevolo as president of the port of Ravenna
Rome
The MIT has forwarded the proposal to the Transport Commission of the Chamber
The decline in vehicle volumes transported by the Wallenius Wilhelmsen fleet continues
Lysaker
The first three months of 2025 were closed with revenues of 1.3 billion dollars (+3.4%)
Shipping agents, customs agents and freight forwarders of La Spezia applaud Pisano's appointment
The Spice
For the presidency of the AdSP - they rejoice - "one of us" has been chosen
MIT appoints Bruno Pisano as president of the AdSP of the Eastern Ligurian Sea
Rome
DHL Buys IDS Fulfillment
Westerville/Indianapolis
Strengthening the e-commerce segment
V.Ships created V.Yachts to provide its services to large yachts
London
It will be based in Monaco
Mercitalia Rail transports scrap iron from Pomezia to steel mills in Northern Italy
Milan
Finnlines revenues increased by +2.3% in the first quarter
Helsinki
The volumes transported by the fleet are increasing, with the exception of cars
NYK to build third car terminal at Barcelona port
Barcelona
Work begins on the electrification of the MSC Crociere terminal
The Verdane investment fund sells Danelec to the GTT group
Paris
Danish company develops technologies for digitalization of maritime transport
Israeli forces attacked the port of Hodeyda
Jerusalem
IDF, measures taken to limit damage to ships
Vard signs new contract with Dong Fang Offshore for OSCV vessel
Trieste
It will be delivered in the first quarter of 2028
Collaboration protocol between the Federation of the Sea and WSense
Rome
Among the aims, to promote intelligent and sustainable management of marine resources
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The 2024 general financial statement of the Eastern Adriatic Sea Port Authority has been approved
Trieste
It records a general administrative surplus of almost 283 million euros
Accelleron Industries Announces Further Investments in Italy
Baden
The aim is to strengthen technological leadership in fuel injection systems for the decarbonisation of the maritime sector.
UAE's AD Ports continues to invest in Egypt
Cairo/Abu Dhabi
Usufruct contract to develop and manage a logistics and industrial park near the port of Port Said
The 2024 final budget of the Central Adriatic Sea Port System Authority has been approved
Ancona
Green light from the Management Committee
RFI, tender awarded for maintenance and telecommunications enhancement works
Rome
Program worth approximately 180 million euros
Contract signed assigning CMA CGM the management of the container terminal at the port of Latakia
Damascus
Investments of 230 million euros expected in the first four years
Rizzo appointed extraordinary commissioner of the Strait Port System Authority
Messina
DHL Group revenues increased by +2.8% in the first three months of 2025
Bonn
Net profit of 830 million euros (+3.9%)
Purchase of area for new cruise terminal in Marghera completed
Venice
It is expected to become operational in the 2028 cruise season.
CMA CGM Completes Acquisition of Air Belgium
Marseille/Mont-Saint-Guibert
Mazaudier: Strengthen our air capacity with immediate effect
In the first three months of 2025, freight traffic in Albanian ports decreased by -1.8%
Tirana
Passengers also decreasing (-1.6%)
In 2024, 94.4 million tonnes of goods were transported on the Austrian rail network (+2.2%)
Vienna
31.8% of the total volume was achieved on routes longer than 300 kilometres
The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
Cagliari
Pilot project for the unified issuing of port access permits for haulers
Interporto Padova's 2024 financial statements unanimously approved
Padua
Revenues up +7.3%
Redevelopment works underway at the agri-food hub of the port of Livorno
Leghorn
Works worth six million euros
Bluferries is ready to put the new ro-pax Athena into service in the Strait of Messina
Messina
It can carry up to 22 trucks or 125 cars and 393 people
Approved the financial statement for the financial year 2024 of the AdSP of the Ionian Sea
Taranto
424.8 million port works completed in the last decade
Kalmar reports lower quarterly revenue, higher new orders
Helsinki
In the first three months of 2025, net profit was 34.1 million euros (+2%)
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio
No part may be reproduced without the express permission of the publisher
Search on inforMARE Presentation
Feed RSS Advertising spaces

inforMARE in Pdf
Mobile